Umair
According to Arkham Intelligence, Mt. Gox shifted 11,501 BTC to two wallets. A change wallet received 10,608 BTC worth $929 million, while the exchange’s hot wallet took in 893 BTC valued at $78 million.
This follows two earlier transactions in March. On March 6, Mt. Gox moved 12,000 BTC worth $1 billion. Days later, another transfer of 11,834 BTC, valued at $910 million, was recorded. Notably, 332 BTC from that batch was sent to the Bitstamp exchange, raising speculation about possible liquidation.
SpotOnChain now suggests that the latest 893 BTC moved to the hot wallet could soon be transferred again.
Despite the movement, Bitcoin’s price remained stable, dipping just 0.19% in the last 24 hours. At the time of writing, BTC traded at $86,756. Analysts expect a potential breakout, with some predicting a rise toward $95,000.
Mt. Gox still holds over 35,500 BTC, valued at $3 billion. The exchange has until October 31, 2025, to complete creditor repayments.
Former BitMEX CEO Arthur Hayes remains bullish on Bitcoin, expecting U.S. monetary policy to support further gains. He believes a shift from quantitative tightening to easing could boost market liquidity and push BTC higher.
